Best car insurance for pick-up trucks

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If you are in the market for a pickup truck or own one already, you are in good company. Sales are up as much as 82% compared to this same time in 2020. Pickups are versatile, reliable and comparatively affordable. Depending on how recently you purchased yours and whether it is a lease or financed, getting the right insurance for a truck is essential to protect your financial investment.

How much does it cost to insure a pickup truck?

Not all pickups are created equal. Depending on the make and model you choose, the cost to purchase and insure one can vary. Several factors can affect the cost of pickup truck insurance. Some factors include:

  • MSRP and resale value
  • Truck reliability
  • Safety rating based on how the truck performs in different crash scenarios
  • Safety equipment such as airbags and driver assistance technology

Take a look at the average truck insurance cost based on minimum vs. full coverage by model.

Pickup truck insurance rates by make and model Average annual minimum coverage premium Average annual full coverage premium
Chevrolet Silverado 1500 $585 $1,682
Dodge Ram 1500 $527 $1,697
Ford F-150 $499 $1,442
GMC Sierra 1500 $503 $1,555
Nissan Titan $521 $1,867
Toyota Tundra $508 $1,716

Cheapest car insurance companies for Chevrolet Silverado 1500

To find cheap truck insurance, it is important to know which insurance companies tend to offer the best rates. Get quotes from a handful of providers to compare premiums. As you will see in the table of cheapest car insurance for a Chevy Silverado, the same type of coverage can cost less with one carrier compared to another.

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $358 $1,134
Geico $393 $1,317
State Farm $474 $1,440
Erie $430 $1,274
Amica $379 $1,230

Cheapest car insurance companies for Dodge Ram 1500

Bankrate’s findings of rates for the Dodge Ram 1500 rank Erie, Amica and USAA as the cheapest truck insurance. However, USAA is only available to qualifying military personnel, veterans and family members.

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $382 $1,197
Geico $399 $1,382
State Farm $509 $1,574
Erie $367 $1,244
Amica $367 $1,328

Cheapest car insurance companies for Ford F-150

If you are looking for the cheapest truck insurance, the Ford F-150 may be the truck to choose. Minimum coverage is based on the amount of insurance your state requires. Although it is cheaper, minimum coverage does not provide any reimbursement if your pickup is damaged in an accident you caused. Full insurance will add coverage for repairs or replacement of your truck. Here is how rates compare:

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $333 $1,059
Geico $362 $1,349
State Farm $456 $1,300
Erie $430 $1,293
Amica $396 $1,120

Cheapest car insurance companies for GMC Sierra 1500

The same five companies rank as the cheapest coverage for a GMC Sierra. Erie insurance is a low-cost option, but the carrier only operates in 12 states (primarily located on the East Coast). Geico would be a good alternative if you are not military or a resident in Erie’s area of coverage.

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $347 $1,154
Geico $383 $1,328
State Farm $445 $1,405
Erie $351 $1,218
Amica $396 $1,171

Cheapest car insurance companies for Nissan Titan

Bankrate found that Amica offers the cheapest coverage for Nissan Titan owners or lessees. However, the rates presented below are averages. It is best to get quotes from several of the providers listed to find the lowest rate.

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $369 $1,348
Geico $393 $1,739
State Farm $445 $1,492
Erie $430 $1,503
Amica $345 $1,439

Cheapest car insurance companies for Toyota Tundra

USAA seems to consistently offer the cheapest truck insurance but is only available to military families. Geico and Amica are good alternatives for minimum coverage. State Farm is also worth considering for full car insurance.

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $345 $1,182
Geico $367 $1,479
State Farm $438 $1,362
Erie $430 $1,388
Amica $367 $1,316

Other car insurance coverage for pickup trucks

You may have noticed that truck insurance is far less expensive for minimum coverage compared to full. That is because minimum coverage is typically only a low-limit liability insurance that pays for damages and losses to others. If your truck is totaled in a crash you cause and you only have minimum coverage, you would have to replace your truck out of pocket.

Full coverage adds collision and comprehensive insurance to your policy, which will protect you financially against damages or losses to your pickup due to bad weather, fires, theft or collision with an animal. Other coverages you should consider for your pickup truck are:

  • Replacement cost: If your truck is totaled, you will likely be reimbursed for a new truck of the same make and model.
  • OEM parts: The add-on will pay for using original factory parts for repairs.
  • Pet injury: If your dog travels with you regularly, pet injury coverage will pay for vet bills for your pets injured in a crash.
  • Comprehensive: Pays for repairs or loss if you strike a deer or animal, or if you have aftermarket accessories and equipment in your truck, such as an upgraded stereo system.

Frequently asked questions

When do I need full coverage car insurance?

Full car insurance will most likely be required if you leased or financed your vehicle. It consists of liability coverage to pay for damages to others and comprehensive and collision coverage to pay for damages to your vehicle. Full coverage is also a good option if you want to protect yourself more comprehensively.

Does my car insurance cover my work pickup truck?

If you use your pickup truck for work, your personal truck insurance may not cover you in case of a claim, especially if you were involved in an accident while working or traveling to and from work. It is best to consult with your carrier to make sure you are properly insured. They may suggest you purchase commercial vehicle insurance instead.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers commute five days a week, drive 12,000 miles annually and were evaluated using the following cars:

  • 2019 Chevrolet Silverado 1500
  • 2019 Dodge Ram 1500
  • 2019 Ford F-150
  • 2019 GMC Sierra 1500
  • Nissan Titan
  • Toyota Tundra

These are sample rates and should only be used for comparative purposes.